Some reasons
blackchipjim said:
Afternoon gentlemen, I came across an old betting strategy that was touted as making oodles of money without counting. I had used this series of betting progression with basic strategy before I learned to count. It seemed to work out sometimes, but I never really payed attention to the end results. I don't remember who this is attributed to but the profits were gauranteed. I was wondering if someone could run a sim on this or if it's even worth it? It goes like this, first bet 10 if you win, 10,15,25,30,40,50, if you lose a hand back to 10 and the series starts over. blackchipjim
1) If you had bet $10 each time and won all those hands, you'd be up $60.
2)If you win the first $10 bet, you're up $10.
3)Your next bet is $15 (the 10 you won and 5 of you own) and if you won this hand you'd be up 30 less your 5 for a profit of $25.
4)You bet the 25 you're up and if you lose you're even. The net effect is that you won two hands and lost one but don't show any profit.
If you won the $25 bet, you'd be up $50.
5)If you lose the next bet of 30, you'd still be up $20.
If you won that bet, you're now up $80. instead of 40 (flat betting).
6) If you lose the $40 bet, you're still up 40.(flat betting you would be up 30).
If you won the $40 bet, you'd be up $120 instead of being up $50(flat betting.)
7)If you won the last bet of 50, you'd be up $170. instead of 60(flat betting).
If you lost the last bet of 50, you're still up $70 instead of $60.
8) Problems:
A)If you get a double-down or multiple splits, you lose control of your betting if you lose. Up to that point you were playing with winnings on the series but now you have to risk new money.
B) You need a lot of those series to offset all the waiting bets before a series starts. Those series won't happen often enough.:cry:
